Gold Falls as Markets Ignore Iranian Geopolitical Threat
Source: Seeking Alpha, GoldCore (9/28/09)
"Increasing tensions with Iran have not created a geopolitical safe haven bid, but. . .merit watching "
Increasing tensions with Iran have not created a geopolitical safe haven bid, but these tensions merit watching. The World Bank has warned that the dollar's place as global reserve currency cannot be taken for granted but this has not seen the dollar weaken, rather it has strengthened as riskier assets such as equities have retreated in Asia and in Europe this morning.
Silver: Silver is currently trading at $15.90/oz and seems to have stabilized somewhat after slipping from highs in the mid $17s/oz only last week.
Platinum Group Metals: Platinum is currently trading at $1,273/oz, palladium is $289/oz and rhodium is at $1,550/$1,700/oz.